Innolux Corporation reported a 126.5% year-on-year surge in net profit for the first quarter of 2025, extending its profitable streak to four consecutive quarters despite ongoing operational challenges in the display panel industry.
The Taiwanese panel maker recorded NT$55.93 billion ($1.85 billion) in consolidated revenue, up 10.8% from a year earlier and 4.2% quarter-on-quarter. Net profit after tax reached NT$1.08 billion ($35.8 million), reversing from a loss in the same period last year, with earnings per share of NT$0.12 compared to a loss of NT$0.45 a year ago.
The company’s Q1 performance benefited from China’s extended “trade-in” consumer subsidy program and customers accelerating orders to mitigate potential US tariff impacts. Despite posting a NT$1.24 billion operating loss, the figure narrowed substantially year-on-year, while gross margin and EBITDA margin improved to 7.6% and 11.1% respectively.
Television panels remained Innolux’s largest product segment at 34% of revenue, followed by automotive displays at 24%, mobile and commercial products at 21%, and portable computers at 17%, with desktop monitors accounting for 4%. Non-display businesses contributed 25% of total revenue as the company continues its diversification strategy.
Looking ahead to Q2, Innolux faces uncertainty as customers who front-loaded orders in the first half of 2025 to avoid tariff complications may reduce purchasing activity. The company indicated its automotive and non-display segments might prove more resilient to these shifts, as it continues adjusting its product mix toward higher-margin offerings to maintain operational stability.
